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Celebrating India globally: MIT India Conference to build on ‘Startup India’ initiative

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Startup India
Image source: huffingtonpost.in

Washington: Celebrating India’s achievements, the MIT India Conference will focus on how to create a thriving startup ecosystem in India to put Prime Minister Narendra Modi’s “Startup India” initiative into action.

Organized by the MIT Sloan School of Management in collaboration with the greater MIT community in Cambridge, Massachusetts on April 3, the conference plans to address all levels of entrepreneurship, according to a media release.

These include from scaling startups and addressing the challenges early startups face to social endeavours and sustainability.

With the “Startup India” initiative receiving a five-fold increase in its funding along with government plans to open new startup incubators, the objective becomes how best to sustain and build off of this momentum, it said.

This year’s conference will also feature a showcase of innovative projects being developed by MIT students and researchers with potential application for India.

The MIT India Conference aims to celebrate the achievements of India globally, as well as discuss future collaborations between India and the world that could help accelerate innovation into the future. The MIT-India conference has established itself as an important forum for leaders in industry, academia, and policy to discuss current issues and future innovations in the context of India, in the region and abroad, the release said.

Slated speakers and panellists include Arvind Subramanian, Chief Economic Adviser, Government of India; Mukesh Aghi, President, US-India Business Council; Gururaj Deshpande, Founder-Chairman, Sycamore Networks and Ashish Hemrajani, Founder-CEO, BookMyShow.com.

Others include Sorin Grama, Founder-CTO, Promethean Power Systems; Nishant Rao, COO, Freshdesk; Vivek Prabhakar, Founder-CEO, Chumbak; Anuradha Acharya, Founder-CEO, MapMyGenome India; Akash Bhatia: Founder-CEO, Infinite Analytics; Venkat Maroju, CEO, SourceTrace Systems; Anjana Reddy, MD, Universal Sportsbiz Pvt. Ltd and Zenobia Moochhala, Co-Founder, Care.com. (Arun Kumar, IANS)

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The major Challenge is to make the Youth of the Country Entrepreneurial and not Job Seekers : Venkaiah Naidu

"The challenge for us is to make the youth entrepreneurial, and not become job seekers," Venkaiah Naidu said pointing to the NDA government's various initiatives.

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Venkaiah Naidu
Venkaiah Naidu. Wikimedia Commons
  • At a time of tepid job growth and continuing income disparities, the major challenge is to make the youth of the country entrepreneurial and not job seekers, Vice President  Venkaiah Naidu said on Thursday.

“Disparities continue to remain in India and so there is a need for inclusive growth… there is the need to take care of the suppressed, oppressed and depressed,” Venkaiah Naidu said at the Bharatiya Yuva Shakti Trust’s (BYST) silver jubilee celebrations here with Britain’s Prince Charles as the chief guest.

“The challenge for us is to make the youth entrepreneurial, and not become job seekers,” Venkaiah Naidu said pointing to the NDA government’s various initiatives to encourage youth enterprises like Startup India, Standup India and the Mudra financing scheme for underprivileged sections.

Modelled on Prince Charles’ Trust for business startups, BYST, founded by Lakshmi Venkatesan, daughter of former President R. Venkatraman, is engaged in building rural entrepreneurship — “grampreneurs” — as also enterprise among under-privileged sections, which includes business mentoring. The current BYST chairman is Bajaj Group chief, Rahul Bajaj.

“Without mentoring, it would be very difficult to set up startups, with all the business, marketing and other vital issues involved in the first two-three years,” Prince Charles said in his address at the International Mentoring Summit organized by BYST to mark its 25 years.

“What amazes me are the sheer number of jobs these young entrepreneurs had created. The aim of such a project should be to create a virtual cycle of creating entrepreneurs who can then invest in the future of business,” Charles said referring to his trust.

BYST was officially launched in 1992 by Prince Charles and expanded its operations to six major regions of India.

Out of these six regions, four — Delhi, Chennai, Pune and Hyderabad — run the urban programme while two regions — Haryana and Maharashtra — run the rural programme.(IANS)